Luiz Carlos Trabuco Is Emphatic About The Pension Reform

Luiz Carlos Trabuco began working with Bradesco on the 17th of April 1969. He was appointed as Banco Bradesco’s Managing director in 1999. And being an exemplary performer and worker, he was assigned to handle and lead numerous departments throughout the bank’s organization.

Luiz Carlos Trabuco is a prominent advocate of the private pension plans since he served with the National Association for Private Pension Plans as its President from August 1994 to August 2000. And this is why he knows how important it is to have the pension reform be implemented at the soonest possible time.

Being the presiding president of Banco Bradesco from March 2009 until March 12, 2018, Luiz Carlos Trabuco has implemented many changes within the organization that enhanced the operation and overall development of Banco Bradesco. After the general assembly that will happen on March 12, 2018, Octavio de Lazari Junior will assume the presidential seat of Banco Bradesco.

Read more: O Bradesco, de Brandão a Trabuco

Octavio de Lazari Junior, like his predecessor, has had a long working history with the bank. But since Mr. Trabuco has reached the maximum age allowed by the organization for Chief Executive Officers, the time has come for him to relinquish the responsibilities to de Lazari Junior. And he enlightened everyone that the selection process for his successor took quite some time. Octavio de Lazari Junior’s selection from all those nominated for the president position was based on his comprehensive knowledge of the banking business, and his result-oriented manner of dealing with various challenges.

De Lazari Junior started his career with Banco Bradesco from an entry position. He worked his way through the organization’s ranks until he became the leader of the Bradesco Seguros Group according to estadao.com.br. His name was one of the seven vice presidents that were nominated for presidency. Although he says that he never really expected to be the President of Banco Bradesco eventually way back when he just started his career with the organization.

While most seasoned bankers within the financial sector of Brazil are positive that 2018 will be a good year for the nation’s economy, seeing that there was no increase in the unemployment rate with a reasonably low inflation and including a 2% to 3% rise in GDP – Octavio de Lazari Junior and Luiz Carlos Trabuco reiterated the significance of the pension reform.

CEO Luiz Carlos Trabuco said that the pension reform must be executed by utilizing medium term programs so the government has sufficient time to put a cap on public expenditures. If it so happens that the reform is not approved then the consequences would be a deterioration within the entire country’s economy due to an increase financing costs of the Treasury.

He adds that credit has already showed signs of constriction, which is based on the increase in demand that is determined by the volume of applications that are tendered daily. He discloses that debt payments have begun to trail behind, and working capital has not been topped up for a couple of years. Moreover, interest rates foreseen for 2018 are good according to him, irrespective of the election outcome.

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